One of the things I have always found most stressful throughout my life is the idea of student finance. Mainly because I am terrible at keeping up to date on what is going in and out of my bank account, so getting into the habit of this has been really important in order to make sure things are paid on time and everything is in order. Once you do get into the habit of organising things and keeping track of where you are at with everything, it gets much easier to deal with your income, what you can spend and when, without needing to worry too much. Worrying should be confined to the minimum so that you don't surpass your stress levels too soon and burn out before exams/deadlines, so it is important to keep those levels low with as much organisation as you can.
1.Get an NUS card. Money off groceries (Co-op), and discounts for travel to interviews (National Express, Megabus, or railcards*) all add up. With money off entertainment (Thorpe Park anyone?) and eating out (Pizza Hut!), saving between 10 – 50% will always be welcome when there’s too much month for your money! 2.Keep your documents...
Managing your money at university can be a challenge, and often students will face unexpected costs that they may not be used to when living at home. We’ve written a guide of typical things that students spend money on, and how you could potentially save some cash.
Share your accommodation – not only will you split the cost of rent/bills, you can also share household items, such as kitchen utensils.
Plan your meals, and make shopping lists! This will prevent you buying things unnecessarily, making meal times a lot easier. Shopping online can be a good way to avoid extra spending and being tempted by those discount stickers!
We all know university is a big financial investment, and money often plays a part when deciding whether or not to continue into higher education.
Not only is it important to apply for student finance and find out what loans you’re entitled to, but you should also check what scholarships and bursaries may be available through your university – these often include academic/sporting/music scholarships, income-related bursaries, and...
There are many aspects to managing money at university, but here are three tips that spring to mind!
Make a budget
Creating and sticking to a budget is hard work, and can be quite a learning curve. However, I found it to be the best method to help me stay on top of my finances. Expenses can quickly add up, so keeping to a budget helps you from overspending on things you don’t really need.
An extra source of income can never hurt, especially at university, where social events are so common...
Students: people who are notoriously bad with money, spending it all on nights out and takeaways, with no regard for the essentials like rent, bills, and ACTUAL food.
I’m a third year music student at the University of Nottingham, and I must admit that even I have fallen into believing this stereotype. Whilst I have friends that seem to struggle a little with budgeting, I also know many students that are smashing it. Here are my top five tips on how to manage your money well at uni (and still have room for that legendary Chinese takeaway down the road).
1.Work out the essentials
Sit down with a pen and paper, and write down everything you MUST pay each month. Things like rent, bills, phone contracts, subscriptions – all the things that will be coming out of your bank account each month that could easily go unnoticed if you’re not aware of them. So, work out how much money you have coming in each...
Didn’t get the results you were expecting? You might end up using Clearing or Adjustment to find a place on a university or college course. Whichever one you use, it’s important to let Student Finance England know of any changes as soon as possible, as it could affect your funding.
Student Finance England has some words of advice for anyone changing their course at this time of year.
If you’ve applied already, it’s easy to change your details by logging in to your account at www.gov.uk/studentfinance...
Making the most of festival season is often high on the priority list once Uni ends for the summer. With so many festivals to choose from at home and abroad it can become pretty pricey to see your favourite artists. Here’s a few money saving tips to help you cut the cost of your festival fun.
Get in for free
Of course this is the dream - getting to see all your favourite bands but not having to pay a penny for the privilege. It’s possible but you’ll have to do a bit of work. Some charities attend festivals to raise awareness and money. Many advertise for volunteers to come along and help them. You’ll have to work the hours they...
Before you start looking at flights and dreaming of 5* holidays, take a look at your finances and be realistic with what you can actually afford. If you’re looking for
a summer escape with your mates, agree how much you can spend on flights and accommodation before you decide on where to go. If you’re travelling for a long time don’t forget to budget for three meals a day, transportation to and from the airport, visas, keepsakes, entry fees to attractions and a new passport if it’s about to expire.
Plan in advance but remain flexible:
Travelling around the time the schools break up is the most expensive time to get away. Last minute deals do exist, but by far the cheapest way of travelling is to book months in advance. You’ll snap up some gorgeous accommodation on the cheap by doing this....
1. Create a budget
The best way to help make sure your food shopping doesn’t leave you skint is to create a monthly budget of your outgoings and incomings. Factor in how much you spend on food and stick to your budget when you shop. It’s easy to go over by a few pounds each week but over a year this really adds up. Subtract money from your budget every time you pick up anything to eat while you’re out and about to get a handle on how much you’re actually spending on food - you might be surprised by how much you’re actually spending on takeaway food.
2. Take a shopping list
Before you head to the supermarket, write down everything you need and work out if you’ve got enough in your budget to buy it all. Shopping without a list can be lethal – you might end up with goods on offer that you don...